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TDS on Mutual Funds for NRIs

Monday, December 12, 2016 by Indian Real Estate News




In case of unlisted mutual funds, TDS is applicable for NRIs at the rate of 10% without indexation benefit. Birla Sunlife Income Plus is a debt fund, which means that if you redeem it after 3 years, long-term capital gains tax at the rate of 20% (with indexation benefit) will apply.


Therefore, you will still need to pay the balance tax after deducting the TDS which you have already paid.


All open-end funds are unlisted as they do not trade on an exchange. Closed-end funds and ETFs are usually listed and can be traded on a stock exchange.







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1. BNP Paribas Long Term Equity Fund

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6. ICICI Prudential Long Term Equity Fund

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8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

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